Petrol and Diesel Prices Surge by ₹3 Per Litre Amid Global Energy Crisis
Today Petrol, Diesel Prices May 17: Check Petrol, Diesel prices in Delhi, Chennai, Mumbai, Kolkata, Bengaluru
India
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On May 17, petrol and diesel prices increased by ₹3 per litre across India, marking the first hike in over four years. In New Delhi, petrol now costs ₹97.77 per litre, while diesel is priced at ₹90.67 per litre. This rise is attributed to escalating global crude oil prices due to ongoing geopolitical tensions.
- 01The petrol price in Kolkata is now ₹108.70 per litre, while in Mumbai, it stands at ₹106.68.
- 02Diesel prices in Kolkata have risen to ₹95.13 per litre, with Mumbai's rate unchanged at ₹93.14.
- 03The increase in fuel prices follows a significant surge in global crude oil prices, which have risen over 50% since February 28 due to the US-Israel conflict with Iran.
- 04In the National Capital Region (NCR), petrol prices in Gurgaon and Noida are ₹98.47 and ₹97.76, respectively.
- 05The price of diesel in Bangalore is now ₹94.10 per litre.
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On May 17, petrol and diesel prices across India increased by ₹3 per litre, marking the first price hike in over four years. In New Delhi, petrol is now priced at ₹97.77 per litre, and diesel at ₹90.67 per litre. Other major cities are experiencing similar increases, with petrol prices reaching ₹108.70 in Kolkata and ₹106.68 in Mumbai. This rise in fuel prices is largely driven by a surge in global crude oil prices, which have increased by over 50% since the onset of the US-Israel conflict with Iran on February 28, disrupting oil shipments through the Strait of Hormuz. The situation has prompted calls for fuel conservation amid an ongoing energy crisis. In the NCR, petrol prices in Gurgaon and Noida are recorded at ₹98.47 and ₹97.76, respectively. Diesel prices have also seen increases, with Kolkata's diesel now at ₹95.13 per litre and Mumbai's remaining at ₹93.14.
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The increase in fuel prices will affect transportation costs and may lead to higher prices for goods and services.
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